In 2023, the electricity final consumption in the UK textile and leather sector stood at a certain level. Over the forecast period from 2024 to 2028, the sector is expected to see a gradual decline in electricity consumption. Year-on-year, the values decrease marginally, with the most significant drop projected from 2024 to 2028. This downtrend results in a modest compounded annual growth rate (CAGR) that reflects the industry's gradual move towards greater efficiency or reduced activity.
Future trends to watch for include:
- Adoption of energy-efficient technologies and processes.
- Shift towards sustainable materials impacting energy needs.
- Regulatory changes aimed at reducing carbon footprints.
- Potential for market dynamics to alter consumption patterns.
